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Lviv is not Donetsk: The Ukrainian economy is not terrible everywhere | The Economist

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In 2014 Ukrainian GDP fell by 7%; in 2015 it shrunk by an astonishing 12%. The whole economy is indeed in trouble; the hryvnia, the currency, has lost about 70% against the dollar in the past two years. Inflation is very high (though it is now subsiding). However, what’s often lost in analysis is that different parts of the country are doing very differently.

Posted on January 31, 2016

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